Daily News: October 9, 2014

Merchant Factors Acquires Commodore Factors ABL Portfolio

Merchant Factors announced it acquired the factoring and asset-based lending portfolios of Commodore Factors.

Merchant and Commodore have been providing factoring and asset-based lending facilities to growing companies for more than 25 years, and both specialize in offering clients professional, non-bureaucratic and flexible services and credit lines.

Commodore’s senior executives, Howard Rubin and Philip Cotumaccio, will continue to manage the acquired portfolios.

This acquisition further expands Merchant Factors’ factoring portfolio and the asset-based lending portfolio of its affiliate, Merchant Financial Corporation.